Ethereum sold the future, first with an IPO for vapor, next with making a lot of publicity about Casper which they should know won't work.

Thus I conclude the insiders have decided to bailout on this final pump.

Quote from: TPTB_need_war on February 10, 2016, 09:03:33 PM

Quote from: stoat on February 10, 2016, 08:34:24 PM

So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.

Edit: r0ach has also explained what I've been pointing out about Ethereum for more than a month.

Quote from: TPTB_need_war on February 11, 2016, 01:05:21 AM

Quote from: stoat on February 11, 2016, 12:18:46 AM

So far I see the ethereum blockchain and consensus protocol working fine.

It hasn't been scaled yet. Bitcoin's scalepocalypse will pale in comparison to Ethereum's doom in the wild. Essentially what Ethereum is designing with Casper is a technobabble wrapper around centralized verification, because either they know that verification can't be decentralized (as I have explained), or they are determined to delude themselves otherwise (with the result being the centralization occurs anyway).

With centralization, Ehereum can scale except note that will be viewed as a failure by the market, unless verification centralization can be hidden behind Sybil attacks on the verification nodes (meaning no one can prove that a 1000 nodes aren't controlled by the same entity). I have a strong suspicion that is why Ethereum is being funded by Peter Thiel and other banksters, because they understand Ethereum is a way for them to control without being detected. Satoshi had prevented this outcome in Bitcoin by setting the maximum block size to 1MB, which thus restricted verification from centralizing entirely (yet it will still be impossible to prevent Bitcoin Classic from centralizing due to the other economics of profitable PoW mining).

But centralization always leads to failure. So ultimately this will fail sooner or later.

Quote from: stoat on February 11, 2016, 12:18:46 AM

And what I see from you is just a load of wild claims.

That is because you are n00b and you can't understand the technological arguments. The points I have made are not wild at all. Do you realize I was probably the first person to predict Bitcoin's scalepocalypse in 2013 as ArticMine graciously admits today:

Quote from: TPTB_need_war on January 18, 2016, 08:53:22 PM

I introduced this concept in 2013 in my thread Spiraling Transaction Fees and I nailed the block size as the fundamental issue in my last post in that 2013 thread.

Seems stoat you had no clue how long I have been here in this forum and doing serious technological research.